The First National Bank of Gilbert
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The First National Bank of Gilbert · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 1 | $54K | $54K | 14.3% |
| 236118 | Residential Remodelers | 1 | $275K | $275K | 14.3% |
| 721191 | Bed-and-Breakfast Inns | 1 | $54K | $54K | 14.3% |
| 311812 | Commercial Bakeries | 1 | $43K | $43K | 14.3% |
Geographic Distribution
SBA lending activity for The First National Bank of Gilbert by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 7 | $805K | 100.0% |
Why Choose The First National Bank of Gilbert?
Based on SBA 7(a) lending track record from 1995-2013
- ✓Proven Track Record: 7 SBA loans approved, totaling $805K in financing
- ✓Industry Expertise: Specialized focus on Automotive Body, Paint, and Interior Repair and Maintenance, Residential Remodelers, Bed-and-Breakfast Inns
- ✓Competitive Terms: Average interest rate of 6.63% with flexible term lengths averaging 166 months
- ✓Loan Range: Loan sizes from $39K to $275K, with an average of $115K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MN
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about The First National Bank of Gilbert SBA lending
What types of businesses does The First National Bank of Gilbert typically finance?
The First National Bank of Gilbert specializes in SBA 7(a) lending to specific industries including automotive body, paint, and interior repair and maintenance, residential remodelers, bed-and-breakfast inns, commercial bakeries. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The First National Bank of Gilbert's typical SBA loan terms?
The First National Bank of Gilbert's SBA 7(a) loans typically feature an average interest rate of 6.63% and average term length of 166 months (approximately 14 years). Loan sizes range from $39K to $275K, with an average loan size of $115K.
Do I need a business valuation for a The First National Bank of Gilbert SBA loan?
Yes, The First National Bank of Gilbert typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does The First National Bank of Gilbert compare to other SBA lenders?
The First National Bank of Gilbert has originated 7 SBA loans totaling $805K since 1995. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does The First National Bank of Gilbert lend in?
The First National Bank of Gilbert provides SBA 7(a) financing with particularly strong presence in MN. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
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